All articles by Verdict Staff
Verdict Staff
CSOB Leasing’s insurance broking unit reports higher volume
CSOB Leasing pojistovaci makler, the third largest company on the Czech market for insurance mediation, raised the volume of deals by 20 per cent year-on-year to Kc1.85bn (75.4m) in 2007, reported Czech News Agency, CTK.
SFS cuts processing times
Siemens Financial Services claims to have cut credit approval times by almost three-quarters, thanks to a project launched last summer Average customer credit approval times have dropped by 72 per cent to one hour and 40 minutes, while autoacceptance rates have increased by 40 per cent, the company said SFS last year launched project Transact aimed at reducing average credit approval times to less than two hours, and improving auto-acceptance rates from 2 per cent to above 35 per cent
Cargobull and DLL in Russia
Cargobull Finance (CBF), the joint venture leasing programme between German trailer company, Schmitz Cargobull AG (SCB) and De lage Landen, has made strategic expansion moves over the past several months
DVB Bank posts lower Q1 profits
DVB Bank AG, a specialist in transport finance said net profit for the first quarter ended March fell 12.5 per cent to 26.7m as investment gains inflated profit figures in the same quarter last year
Potential expects buoyant future
Potential Finance Groups plans for strong future trading prospects in the vehicle rental market are a reality, after its light commercial vehicle rental business, Potential Vehicle Hire reported significant growth over the last six months
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Barclays in record deal
Barclays Asset & Sales Finance (BA&SF) has completed a syndicated £280m receivables financing deal with distribution specialist Palmer and Harvey (Holdings) Plc at a time when the banking arm is seeking to bolster its asset-based lending (ABL) capability
WRAP increases lessor panel by 10
The eQuip panel now also includes Close Asset Finance, Clydesdale Bank, De Lage Landen Leasing, Fortis Lease UK, HSBC Equipment Finance UK, ING Lease UK, JCB Finance, KBC Lease, Triple Point Investment Management LLP and Vision Asset Finance
Romanian real estate leasing fast emerging
The market for real estate leasing expanded by more than a factor of 10 since 2005, the general manager of Immorent Romania Bogdan Cernescu told a press conference was quoted in the Romanian press as saying
Babcock rejigs consortium to finance Angel Trains bid
Babcock & Brown, one of the frontrunners in the race for rolling stock company, Angel Trains is reported to have rejigged its consortium, The Daily Telegraph has reported Deutsche Bank, a member of the Babcock-led consortium is understood to have dropped out as an equity provider for the £3.5bn acquisition although it is still believed to be participating on the debt side
The end of fraud
The police and the FLA have stepped up their efforts at combating equipment fraud New identification technology has been launched that may, for the first time, reverse the depressing rise in plant and equipment thefts